Daily Bank of Canada noon rates (FXUSDCAD) by month. Find the official rate the CRA accepts for converting US-dollar transactions on your Canadian tax return.
Canadian taxpayers must convert foreign-currency amounts to Canadian dollars. Bank of Canada daily rates are a verifiable source; the applicable date depends on when the proceeds, ACB, outlay, or income amount arose.
Using an undocumented rate or applying one average indiscriminately can over- or under-report income. Retain the rate, source, applicable date, and methodology used for each tax-relevant amount.
These pages provide the complete daily rate history from the Bank of Canada's FXUSDCAD series for the last three tax years, making it easy to find the exact rate for any date you need.